Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

ARTICLE 5 FDS FOR 2ND QUARTER 10-Q

Published on

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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Pitney Bowes Inc. - Form 10-Q
Six Months Ended June 30, 1997
Page 19 of 19
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF INCOME, CORRESPONDING
FOOTNOTE #3 FIXED ASSETS AND STATEMENT RE COMPUTATION OF PER SHARE EARNINGS AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<CASH> 130,743
<SECURITIES> 1,474
<RECEIVABLES> <F1> 1,807,475
<ALLOWANCES> <F1> 60,937
<INVENTORY> 255,791
<CURRENT-ASSETS> 2,266,322
<PP&E> <F2> 2,735,770
<DEPRECIATION> <F2> 1,429,037
<TOTAL-ASSETS> 8,288,497
<CURRENT-LIABILITIES> 3,514,281
<BONDS> 1,172,053
<COMMON> 323,338
<PREFERRED-MANDATORY> 300,000
<PREFERRED> 2,337
<OTHER-SE> 1,763,156
<TOTAL-LIABILITY-AND-EQUITY> 8,288,497
<SALES> 867,579
<TOTAL-REVENUES> 1,967,481
<CGS> 523,298
<TOTAL-COSTS> 779,013
<OTHER-EXPENSES> 42,483
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 104,597
<INCOME-PRETAX> 383,745
<INCOME-TAX> 132,729
<INCOME-CONTINUING> 251,016
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 251,016
<EPS-PRIMARY> 1.70
<EPS-DILUTED> 1.69
<FN>
<F1> Receivables are comprised of trade receivables of $340,102 and short-term
finance receivables of $1,467,373. Allowances are comprised of allowances for
trade receivables of $17,423 and for short-term finance receivables of $43,514.
<F2> Property, plant and equipment are comprised of fixed assets of $1,093,043
and rental equipment and related inventories of $1,642,727. Depreciation is
comprised of depreciation on fixed assets of $608,161 and on rental equipment
and related inventories of $820,876.
</FN>


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